India has said it is committed to working for a successful conclusion of Doha round of World Trade Organisation talks despite the setbacks witnessed in the recent months.
The WTO mini-ministerial scheduled to be held later this month to break the impasse on crucial farm and industrial tariff negotiations has been called off.
India has held that countries responsible for creating the problem of climate change should come out in a big way to solve this issue.
US President George W Bush on Monday spoke to Prime Minister Manmohan Singh and discussed the status of the civil nuclear deal and the recent nuclear test by North Korea.
The coming months will see intense negotiations between World Trade Organisation members to achieve a breakthrough in the Doha Round of world trade talks by the end of July this year.
A day after the failure of six-nation WTO talks in Geneva, government said on Tuesday the US is unwilling to reduce domestic subsidies on farm products.
US Commerce Secretary Carlos M Gutierrez,who travels to New Delhi, Feb. 13-14 to meet Commerce and Industry Minister Kamal Nath,
India has expressed disappointment over the first draft text for the forthcoming World Trade Organisation Ministerial Conference in Hong Kong
India and the US have agreed to meet next month for resolving differences on farm subsidies and industrial tariffs as part of efforts to resume the deadlocked global trade negotiations.
A day after collapse of the G-4 talks, India on Friday said the group's role as a consensus- building mechanism in WTO talks has come to an end and warned the US and EU against trying to divide developing nations.
Highlighting the need to arrive at a "balanced package" at the forthcoming Hong Kong Ministerial, the group of 20 leading economies of the world on Friday
The United States has offered to cut its agricultural subsidies by 60 per cent over a period of next five years as demanded by the G-20 developing nations and Britain in its bid to revive the Doha round of trade talks.
India on Friday lashed out at the developed countries for enhancing subsidies to the agriculture sector, apart from high tariffs and trade distorting domestic support and asked them to take immediate corrective steps.
US official says India must resort to greater liberalisation so that US investors have as many opportunities here as Indians have in the US.
Britain on Thursday said it was unlikely that the next World Trade Organisation Ministerial will be held this year, indicating that completion of the Doha Development Round of trade negotiations will miss the deadline of January 01, 2005.
The 10th ministerial conference, will be held at Nairobi, Kenya.
The outcome of the Doha trade round is more important to poor countries' economies than the US-led war with Iraq, World Bank President James Wolfensohn said on Monday.
Biden, who during his visit to India in 2013 had set the target of increasing the bilateral trade to $500 billion.
Developed nations want the WTO to discuss new issues.
New Delhi to push for services trade facilitation & food stockpiling.
Still, the failure of the agreement should signal a move away from monolithic single undertaking agreements that have defined the body for decades.
The agreement could substantially reduce transaction times and costs and would unlock new opportunities for both rich and poor countries.
This will be an area where bilateral or regional trade pacts may not be able to perform well.
Patience, as much as skill and flexibility, has become a necessary part of the armoury of Southeast Asia's top-ranked gymnast, Vietnam's Phan Thi Ha Thanh.
India believes rich nations should be away from farm subsidies.
When asked about the possibility of talks getting extended for another day, World Trade Organization spokesperson Keith Rockwell said: "The concept of time is flexible in WTO."
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
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